Tuesday, 16 November 2010

GM IPO Raises IPO price range from $26.00-$29.00 to $32.00-$33.00

Today, the GM IPO raised the offering price to a new range of $32.00-$33.00. The preferred share portion of the offering was also raised from 3 billion dollars to 4 billion dollars. The common share size is still at 365 million.